MGM Resorts International (MGM)
NYSE: MGM · Real-Time Price · USD
36.41
-0.46 (-1.25%)
At close: Nov 1, 2024, 4:00 PM
36.38
-0.03 (-0.08%)
After-hours: Nov 1, 2024, 7:21 PM EDT
MGM Resorts International Stock Forecast
Stock Price Forecast
The 13 analysts with 12-month price forecasts for MGM stock have an average target of 53.69, with a low estimate of 44 and a high estimate of 63. The average target predicts an increase of 47.46% from the current stock price of 36.41.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for MGM stock from 13 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 6 | 6 | 6 | 5 |
| Buy | 7 | 7 | 7 | 7 | 7 | 7 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 13 | 13 | 14 | 14 | 14 | 13 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JMP Securities | JMP Securities | Buy Maintains $56 → $54 | Buy | Maintains | $56 → $54 | +48.31% | Oct 31, 2024 |
| Barclays | Barclays | Buy Maintains $54 → $50 | Buy | Maintains | $54 → $50 | +37.32% | Oct 31, 2024 |
| Mizuho | Mizuho | Buy Maintains $57 → $56 | Buy | Maintains | $57 → $56 | +53.80% | Oct 31, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $58 → $56 | Strong Buy | Maintains | $58 → $56 | +53.80% | Oct 23, 2024 |
| Morgan Stanley | Morgan Stanley | Hold Maintains $43 → $44 | Hold | Maintains | $43 → $44 | +20.85% | Oct 22, 2024 |
Financial Forecast
Revenue This Year
17.43B
from 16.12B
Increased by 8.11%
Revenue Next Year
17.56B
from 17.43B
Increased by 0.74%
EPS This Year
2.69
from 3.19
Decreased by -15.80%
EPS Next Year
2.54
from 2.69
Decreased by -5.42%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 18.3B | 18.6B | 19.1B | ||
| Avg | 17.4B | 17.6B | 17.9B | ||
| Low | 16.6B | 16.2B | 17.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 13.5% | 6.8% | 8.6% | ||
| Avg | 8.1% | 0.7% | 2.1% | ||
| Low | 2.9% | -7.1% | -2.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.22 | 4.01 | 5.05 | ||
| Avg | 2.69 | 2.54 | 3.17 | ||
| Low | 2.41 | 1.51 | 2.07 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.0% | 49.1% | 98.7% | ||
| Avg | -15.8% | -5.4% | 24.7% | ||
| Low | -24.5% | -43.8% | -18.6% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.